INCOME TAX STEALTH RAID DRAGS ONE MILLION INTO HIGHER RATE
https://s.yimg.com/ny/api/res/1.2/CX6pD9CvkwadnJEa72lu9Q--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTM-/https://media.zenfs.com/en/the_telegraph_258/c7150befa21790b6d3275d7edbd3623c
✍️ Rachel Reeves has extended the freeze on income tax thresholds, resulting in an additional 920,000 people being dragged into the higher 40pc income tax rate, with workers expected to pay an extra £12.8bn a year by 2030-31.
👉 The freeze on income tax thresholds will affect over 8.9 million people 👉 More than double the number of people will pay the higher rate of income tax compared to 2021-22 👉 The move is expected to rake in an extra £66.6bn per year from income tax payers 👉 Typical workers are expected to pay hundreds of pounds each per year
-- #RachelReeves #GeorgeOsborne #TorstenBell #politics
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